lofta31 - Moosh25 Sep 2008 10:36
I have 7749 shares bought @... wait for it… 129p sitting in one of my accounts. I should have cleared them out years ago. I usually do have a “spring clean” every year, but I’ve left them there. At that point, that seemed a reasonable price to pay. Obviously with hindsight – it was a complete “pig’s ear,” only really a learning and character building exercise [one of many over the years!]
My latest foray into AZM was for a larger amount [£30K @ 28p] They did pop up a little, but then we had that catastrophic drop to around 7p. However we’ve had this recent climb back on the back of phase III trials going ahead.
What am I saying?
Well a lot of products have dropped by the wayside – but that is typical of any pharma outfit.
If everything goes well with their trials, then there is some potential for a good upside. Personally, if we got back to the 30p+ position, I would be on full alert looking to get out.
T.O. is always possible, and probably probable. [Takeda??], but it difficult to assess how much true value would be realised [e.g. PTI is in the process, just now by BTG, and I’m only really back to around breakeven]
That is the joy of pharmas – potential of great profits, or complete loss – makes life interesting!
ATB